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Pre-seminar work: There is no required pre-reading for the class. If you do want to get a jump on the class, check out this pre-seminar webpage.
To follow the seminar: You will see the link to the webcast in the first column, the contents for the session in the second column, additional files in the third and in-practice webcasts on specific estimation challenges (estimating risk free rates, betas, equity risk premiums) in the last one.
After you finish the seminar: Check out this post-seminar webpage. It contains the excel spreadsheets with all the valuations that we did in class, readings to exhaust you and more fun stuff!!
Project: You will be valuing a company, as your project for the class. You can pick any company, public or private, but if you do pick a private company, please make sure that you can get the financial data you need for your company. You can get the project description by clicking here.
Lecture Notes/Textbook: The lecture notes for this class can be obtained by clicking here. If you feel the urge to supplement these notes with a book or books, you have the following choices: Investment Valuation (3rd Edition), Damodaran on Valuation (2nd Edition), The Dark Side of Valuation (2nd Edition) and The Little Book of Valuation (1st Edition). You can find out more about these books by clicking here.
Session
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Topic
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Additional files
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In-practice webcasts
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Day 1 Morning Session
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Lecture Notes: Pg 1-17 Introduction to valuation Valuation approaches Amgen ,Tata Motors & Henkel Risk free
rate |
Valuations
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Day 1 Afternoon Session
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Lecture Notes: Pg 18-58 Riskfree Rates Beta Cash flows & growth rates
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Datasets
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Day 2 Morning Session
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Lecture Notes: Pg 59-87 - Valuing cash, cross holdings & other assets |
Datasets
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Day 2 Afternoon Session
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Lecture Notes: Pg 88 - 129 Valuing young companies |
Datasets |
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Day 3 Morning Session
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Lecture Notes: 130-181 Valuing Private Companies Valuation as a craft
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Day 3 Afternoon Session |
Lecture Notes 182-End The value of being good (ESG deconstructed) Pricing an asset/business |